Speculative Damages Legal Meaning and Definition

Here is a simplified definition of the legal term Speculative Damages.

Speculative Damages (noun): These are the types of damages that a plaintiff may claim to compensate for potential future losses resulting from another party's wrongdoing. Such damages are speculative or uncertain, as they are based on the projected future outcomes. An example can be when a property isn't transferred according to the agreement, and the plaintiff calculates and claims the potential appreciation in the property's value as a form of speculative damages.